Bandiera, Oriana; Guiso, Luigi; Prat, Andrea; Sadun, … - 2013
. The data includes manager characteristics, such as risk aversion and talent; firm characteristics, such as ownership … can be tested with our data. Our contribution is twofold. We disentangle the role of risk-aversion and talent in … determining how firms select and motivate managers. In particular, risk-averse managers are matched with firms that offer low …